Largest Stock Exchanges in the World: People who invest in stocks must be familiar with the New York Stock Exchange (NYSE), NASDAQ, and Shanghai stock exchange as some of the most popular exchanges in the world. But there are a few large stock exchanges with which we may not be familiar.
In this post, we are going to discuss the biggest and largest stock exchanges in the world by the total market cap of all listed companies. Before we start this post, let us briefly a bit about what the stock exchange is.
Did you know? North Korea (expected), Afghanistan, and Cuba are part of the few countries that do not have a stock market!
What is a Stock Exchange?
A Stock Exchange is an organization that anchors formulated markets for dealing in securities, derivatives, commodities, and other financial equipment. It is one of the powerful ingredients of the financial market. Here, buyers and sellers club together to carry out transactions. And, securities are bought and sold out according to clear-cut rules and regulations.
Stock exchange furnishes the required edifice and framework to the brokers and members who deal with asset classes. It also governs the transaction activities to certify free and fair trade.
The most engaging aspect is that the Stock exchanges are also deemed as the financial measures of an economy where industrial development and firmness are mirrored in the index. Let us now take a look at the largest Stock Exchanges in the world!
10 Largest Stock Exchanges in the World (By Market Cap)
Here is the list of the biggest stock exchanges in the world based on the market capitalization as of September 2023:
Source: Statista
1) New York Stock Exchange (NYSE), US – $25.24T
The New York Stock Exchange (NYSE) is the 1st on the list of the largest stock exchange in the world and is a highly esteemed stock exchange in the USA which is situated at 11, Wall Street, New York City.
It was established on May 17, 1792, and consists of 2,400 listed companies. It is the world’s largest stock exchange and has a market capitalization of US$ 25.24 trillion as of September 2023.
Back to the back of mergers has aided the New York Stock Exchange to gain its colossal size and global footprint. The blue-chip companies which are listed under NYSE are Berkshire Hathaway Inc, Coca-Cola, Walt Disney Company, McDonald’s Corporation, etc.
2) NASDAQ, United States – $20.58T
2nd on the list of the largest stock exchange in the world is NASDAQ which was primarily an abbreviation and stage for the National Association of Securities Dealers Automated Quotations. It is an American stock exchange and is headquartered at 151 W, 42nd Street, New York City.
The NASDAQ commenced its business on February 8, 1971, and is sighted as the world’s first electronically traded stock market. NASDAQ has a combined market capitalization of US$ 20.58 trillion as of September 2023 and is ranked 2nd in the list of largest stock exchanges.
It consists of more than 3,000 stocks listed under it and comprises the world’s humongous tech giants such as Apple, Microsoft, Google, Facebook, Amazon, Tesla, and Intel.
3) Shanghai Stock Exchange (SSE), China – $6.6T
The Shanghai Stock Exchange (SSE) is located in the city of Shanghai, China, and is one of the two stock exchanges plying autonomously in the People’s Republic of China. Although its foundation traces back to 1866, it was adjourned after the Chinese Revolution in 1949. However, The Shanghai Exchange in its contemporary outlook was laid down in 1990.
Currently, Shanghai SSE is the world’s 3rd largest stock exchange with a combined market capitalization of US$ 6.6 trillion as of September 2023. The most interesting fact is that the absolute market cap of the SSE is constructed out of formerly state-run insurance companies & commercial banks.
4) EURONEXT, Europe – $6.26T
The Word EURONEXT is an acronym for European New Exchange Technology and has its corporate address at La Défense in Greater Paris. EURONEXT was established in 2000 by the consolidation of the exchanges in Amsterdam, Paris, and Brussels.
Over the years, it amalgamated multiple exchanges, most particularly the New York Stock Exchange. It steers financial markets in Amsterdam, London, Brussels, Lisbon, Oslo, Dublin, and Paris.
It has around 1,500 listed companies leading to a market capitalization worth US$ 6.26 trillion as of September 2023. EURONEXT provided the segments which are equities, warrants, exchange-traded, bonds, commodities, funds and certificates, derivatives, indices, and foreign exchange trading platforms.
5) Japan Stock Exchange (JPX) – $5.75T
The Japan Stock Exchange (JPX) is a Japanese financial services corporation that operates multiple securities exchanges including Tokyo Stock Exchange and Osaka Securities Exchange. It was formed by the merger of the two companies on January 1, 2013.
JPX has close to 3,800 listed companies with a syndicated market capitalization surpassing US$ 5.75 trillion as of September 2023. The TSE’s metric indicator is Nikkei 400 and it is home to some of the voluminous Japanese giants with international exposure, including Toyota, Suzuki, Honda, and Mitsubishi, and Sony.
Also Read: Top 10 Stock Market Movies to Watch for Finance Geeks
6) Shenzhen Stock Exchange (SZSE), China – $4.38T
The Shenzhen Stock Exchange (SZSE) is a stock exchange based in the city of Shenzhen, in the People’s Republic of China. It is one of two stock exchanges operating independently in Mainland China, the other being the larger Shanghai Stock Exchange.
As of September 2023, SZSE has 2,645 listed companies and a market capitalization of US$ 4.38 trillion. Many of the companies within this market are subsidiaries of companies in which the Chinese government maintains a controlling interest. This places it among the top 10 stock exchanges in the world.
7) Honk Kong Stock Exchange (SEHK) – $4.1T
The Honk Kong Stock Exchange (SEHK) is located in Hong Kong and is the world’s 7th largest stock exchange on the basis of market capitalization. It consists of 2,236 listed companies with a wholesome market capitalization of US$ 4.1 trillion as of September 2023.
Its origin can be traced back to the mid-1800s and since then it has gone through a series of mergers and agglomeration with other exchanges. Some of the gigantic and eminent companies listed under the Hong Kong Stock Exchange are China Mobile, and HSBC Holdings & Petro China.
8) National Stock Exchange (NSE), India -$3.59T
National Stock Exchange of India Limited (NSE) is the leading government-owned stock exchange of India, located in Mumbai, Maharashtra. NSE was established in 1992 as the first dematerialized electronic exchange in the country.
The NSE has approximately 1952 listed companies and has a market capitalization of US$3.59 trillion as of September 2023. NSE’s flagship index, the NIFTY 50, a 50 stock index is used extensively by investors in India and around the world as a barometer of the Indian capital market, which makes it among the top 10 stock exchanges in the world.
Also read: A Complete List of Stock Exchanges in India
9) LSE Group, UK and Italy – $3.42T
The London Stock Exchange (LSE) is based in London and is the eighth-largest stock exchange in the world. It was established in 1801 and is the oldest stock exchange in the world. It has more than 1900 listed companies with a combined market capitalization of $ 3.42 trillion as of September 2023.
LSE is also the maiden source of benchmark prices, equity-market liquidity, and market data in Europe. Some of the massive companies listed under the LSE are Barclays, British Petroleum, and GlaxoSmithKline.
10) Saudi Stock Exchange, Saudi Arabia – $3.06T
The Saudi Stock Exchange is situated in Saudi Arabia. It was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia
It is the tenth-largest exchange in the world and has close to 207 listed companies with a combined market capitalization of US$3.06 trillion as of September 2023.
List Of All Stock Exchanges in the World By Market Capitalization
| Stock Exchange | MCAP(in trillion U.S. dollars) |
|---|---|
| NYSE | 25.24 |
| NASDAQ | 20.58 |
| Shangai Stock Exchange | 6.6 |
| Euronext | 6.26 |
| Japan Exchange Group | 5.75 |
| Shenzan Stock Exchange, China | 4.38 |
| Hong Kong Exchanges | 4.1 |
| NSE | 3.59 |
| LSE Group – UK | 3.42 |
| Saudi Stock Exchange | 3.06 |
| TMX Group – Canada | 2.81 |
| Deutsche Boerse AG | 1.98 |
| Nasdaq Nordic and Baltics | 1.82 |
| SIX Swiss Exchange | 1.85 |
| Tehran Stock Exchange | 1.66 |
| Korea Exchange | 1.74 |
| ASX Australian Securities Exchange | 1.72 |
| Taiwan Stock Exchange | 1.6 |
| Johannesburg Stock Exchange | 1.17 |
In Closing
In a country’s economy, stock exchanges play a critical role. Investors and traders can use their platform to trade and invest in securities as well as other financial assets like commodities, bonds, and derivatives. However, it is critical to understand how the market works before investing.
That’s all for this article on the top 10 stock exchanges in the world. We hope you liked the article. Comment below which one is your favorite stock exchange in the world to trade. Happy trading!
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Frequently Asked Questions (FAQs)
- What are the 4 major stock exchanges?
The ten largest stock exchanges in the world by market capitalization are the New York Stock Exchange (NYSE), the National Association of Securities Dealers Automated Quotations (NASDAQ), the Shanghai Stock Exchange (SSE), and European New Exchange Technology (EURONEXT).
- Which country’s stock market is the biggest?
In terms of market capitalization, the United States of America’s stock market is the biggest with a 55.9% market share of total world equity. In terms of the number of companies listed on a stock exchange, India’s Bombay Stock Exchange is the biggest with more than 5000 companies listed on it.
- How many stock exchanges are there in the world?
There are a total of 60 stock exchanges in the world and each of them has thousands of listed companies.
- Which country has no stock exchange?
Well, there are a lot of countries without a stock exchange. Sovereign states without a stock exchange are Afghanistan, Andorra, Belize, Brunei, Burundi, Comoros, Cuba, Ethiopia, Federated States of Micronesia, Gambia, Kiribati, Liechtenstein, Marshall Islands, Monaco, Nauru, North Korea, Palau, Samoa, San Marino, Solomon Islands, South Sudan, Timor-Leste, Tonga, Tuvalu, Vanuatu, Vatican City, and Yemen.
Disputed states without a stock exchange are Abkhazia, Artsakh, South Ossetia, Somaliland and Transnistria.
Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Lucia, Saint Vincent, and the Grenadines are served by the Eastern Caribbean Securities Exchange (ECSE), based in Basseterre, St. Kitts, and Nevis. These countries do not have their individual stock exchanges.
- Which is the largest stock exchange in Asia?
The Shanghai Stock Exchange is the largest stock exchange in Asia and the world’s third-largest stock exchange by market capitalization. It is not entirely open to foreign investors.
- What is the largest stock exchange in the US?
The New York Stock Exchange (NYSE) is the largest stock exchange in the U.S. and the world by market capitalization. It has a market capitalization of over 30 Trillion dollars and its new companies added $ 1 trillion worth of market cap to it in 2021.
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